While retirees and near-retirees may be considering starting a small side business, many don’t have any entrepreneurial experience. How might they find answers to the questions they have?
If you’re over fifty, that gold watch gleams closer and closer. You start thinking. You start wondering. You start asking questions.
Is this the retirement solution, why is everyone talking about investing all of the sudden, and what’s the latest on ERISA court cases?
401k Plan Sponsor Fiduciary Question: Is ESG an Investment Strategy, a Fad, or a Political Football?
More worrisome to 401k plan sponsors is the potential demand for ESG investments on the part of plan participants who may be driven toward these investment products not for investment performance, but to “make a statement.”
Fiduciary redefined, fiduciary defined by fees, and investment history and the fiduciary.
To address this requires employers to do more than having a periodic “employee education” meeting. While these can help (see the previous article), more need to be done. Plan sponsors need to consider how they (and, more importantly, their service providers) deliver messages to plan participants.
Lean news, business practice oddities, and baseball.
Not only does the typical plan sponsor not have investing in employee education as a high priority, but they also likely don’t have the wherewithal to monitor the consistency of how the provider runs the education program.
Lotsa talk (but no action yet), a fee “I told you so,” and redefining investing.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 10/14/22
Inflation did this and why (and when) neither “Fiduciary” nor fees matter.